Subscribe to Life Insurance Corporation of India: KR Choksey

Subscribe to Life Insurance Corporation of India: KR Choksey

KR Choksey has come out with its report on Life Insurance Corporation of India. The research firm has recommended to ''Subscribe'' the ipo in its research report as on April 29, 2022.







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April 30, 2022 / 09:50 AM IST





KR Choksey IPO report on Life Insurance Corporation of India

LIC is India's only government-owned insurance provider company. It is the largest company in the Indian insurance space with a market share of above 61.6% in terms of premiums and 61.4% in New Business Premium as on 31st December, 2021. The company offers participating insurance products and non-participating products, i.e., unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products. As of December 31, 2021, it has a total AUM of INR 40.1 tn on standalone basis. The company has 8 Zonal offices in Delhi, Mumbai, Kolkata, Chennai, Kanpur, Patna, Bhopal, and Hyderabad. As of December 31, 2021, the firm operates through 2048 branches, 113 divisional offices, and 1,559 Satellite Offices. It operates globally in Fiji, Mauritius, Bangladesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait, and the United Kingdom. As of March 31,